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Brown Cafe UPS Forum
UPS Union Issues
Pension increase
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<blockquote data-quote="sven" data-source="post: 1340645" data-attributes="member: 30551"><p>The problem with the Local 177 pension fund is that were in a multi-employer fund with locals NOT associated with UPS and in some cases are no longer functioning. Meaning that before the "multi-pension plan" we were fully funded. Now its underfunded as those locals collecting pensions no longer are active. Its a very gray area, and I hate to agree with the company, its a mistake to have our pension contributions going to locals not associated with us.</p></blockquote><p></p>
[QUOTE="sven, post: 1340645, member: 30551"] The problem with the Local 177 pension fund is that were in a multi-employer fund with locals NOT associated with UPS and in some cases are no longer functioning. Meaning that before the "multi-pension plan" we were fully funded. Now its underfunded as those locals collecting pensions no longer are active. Its a very gray area, and I hate to agree with the company, its a mistake to have our pension contributions going to locals not associated with us. [/QUOTE]
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